YTL Bhd (TSE:1773) Altman Z-Score: 1.04 (As of Aug. 26, 2026) — 17% Above Median

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TSE:1773 YTL Corp Bhd TSE:1773
64 GF Score
Price 円96.00
GF Value 円79.17
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is YTL Bhd Altman Z-Score?

YTL Bhd TSE:1773 +3.23% 64 Altman Z-Score is 1.04 as of Aug. 26, 2026, which is 17% above its 10-year median of 0.89. GuruFocus rates TSE:1773 with a GF Score™ of 64/100 and a GF Value™ of 円79.17 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 495 Utilities - Regulated companies, YTL Bhd ranks worse than 64.04% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 1.04 is in distress zone. This implies bankruptcy possibility in the next two years.

YTL Bhd has a Altman Z-Score of 1.04, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for YTL Bhd's Altman Z-Score or its related term are showing as below:

TSE:1773' s Altman Z-Score Range Over the Past 10 Years
Min: 0.68   Med: 0.89   Max: 1.27
Current: 1.04

During the past 13 years, YTL Bhd's highest Altman Z-Score was 1.27. The lowest was 0.68. And the median was 0.89.


YTL Bhd  (TSE:1773) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


YTL Bhd Altman Z-Score Related Terms


YTL Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for YTL Bhd's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

YTL Bhd Altman Z-Score Chart

YTL Bhd Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.97 1.27 1.10 1.00

YTL Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.16 1.04 1.03 1.00

TSE:1773 vs SRE, AES: Altman Z-Score Comparison

For the Utilities - Diversified subindustry, YTL Bhd's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


YTL Bhd Altman Z-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, YTL Bhd's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where YTL Bhd's Altman Z-Score falls into.


TSE:1773
64GF Score
YTL Corp Bhd TSE:1773
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

YTL Bhd Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

YTL Bhd's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0938+1.4*0.1321+3.3*0.0601+0.6*0.4067+1.0*0.2972
=1.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2026:
Total Assets was 円4,073,017 Mil.
Total Current Assets was 円1,117,634 Mil.
Total Current Liabilities was 円735,507 Mil.
Retained Earnings was 円537,863 Mil.
Pre-Tax Income was 47193.542 + 34617.545 + 40596.785 + 34275.319 = 円156,683 Mil.
Interest Expense was -22889.082 + -22623.574 + -22095.446 + -20542.809 = 円-88,151 Mil.
Revenue was 348853.689 + 304092.076 + 289337.12 + 268414.21 = 円1,210,697 Mil.
Market Cap (Today) was 円1,181,520 Mil.
Total Liabilities was 円2,905,011 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(1117634.425 - 735506.944)/4073017.13
=0.0938

X2=Retained Earnings/Total Assets
=537863.305/4073017.13
=0.1321

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(156683.191 - -88150.911)/4073017.13
=0.0601

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1181520.217/2905011.389
=0.4067

X5=Revenue/Total Assets
=1210697.095/4073017.13
=0.2972

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

YTL Bhd has a Altman Z-Score of 1.04 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.04 mean?
YTL Bhd (TSE:1773) has a Altman Z-Score of 1.04 as of Aug. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on YTL Bhd and its competitors. This is 17% above median its historical median of 0.89. Over the past decade, YTL Bhd's Altman Z-Score has ranged from 0.68 to 1.27. According to the industry distribution chart, YTL Bhd ranks #317 out of 495 companies in the Utilities - Regulated industry, placing it in the top 64%.
Is YTL Bhd's Altman Z-Score too high?
YTL Bhd's current Altman Z-Score of 1.04 is 17% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.27. The Utilities - Regulated industry median Altman Z-Score is 1.28. YTL Bhd's value of 1.04 is 18.8% below this industry median. Based on the distribution chart, YTL Bhd ranks #317 out of 495 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, YTL Bhd has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does YTL Bhd's Altman Z-Score compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, YTL Bhd ranks #317 out of 495 companies for Altman Z-Score. This places YTL Bhd in the lower half of its industry. The industry median Altman Z-Score is 1.28. YTL Bhd's value of 1.04 is 18.8% below this benchmark. Historically, YTL Bhd's own Altman Z-Score has ranged from 0.68 to 1.27 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.28, YTL Bhd has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for an Utilities - Regulated company?
The median Altman Z-Score among Utilities - Regulated companies is 1.28, based on 495 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. YTL Bhd's current Altman Z-Score of 1.04 is 18.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on YTL Bhd and its competitors. For the Utilities - Regulated industry, the median Altman Z-Score is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. YTL Bhd's current Altman Z-Score is 1.04, which is 17% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YTL Bhd stock overvalued right now?
Based on GuruFocus' analysis, YTL Bhd (TSE:1773) is currently considered Modestly Overvalued. The stock's GF Value™ is 円79.17, compared to a current price of 円96.00 — trading 21.3% above its estimated fair value. The current Altman Z-Score is 1.04, which is 17% above median its 10-year median of 0.89 and 18.8% below the Utilities - Regulated industry median of 1.28. YTL Bhd's overall GF Score™ is 64/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For YTL Bhd (TSE:1773), the current Altman Z-Score is 1.04 as of Aug. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is YTL Bhd (TSE:1773) Overvalued in 2026?

Based on GuruFocus' analysis, YTL Bhd stock appears to be overvalued. The current stock price of 円96.00 is trading 21.3% above its estimated GF Value™ of 円79.17. GuruFocus considers YTL Bhd to be Modestly Overvalued.

Key valuation signals for TSE:1773:

  • Altman Z-Score: 1.04 (17% above median its 10-year median of 0.89)
  • GF Value™: 円79.17 vs. price of 円96.00 (21.3% above fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 18.8% below the Utilities - Regulated median (#317 of 495)

No single metric tells the full story. See the TSE:1773 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


YTL Bhd Business Description

Other Exchanges YTLCF:USA4677:Malaysia
Address 205 Jalan Bukit Bintang, 33rd Floor, Menara YTL, Kuala Lumpur, SGR, MYS, 55100
YTL Corp Bhd is an integrated infrastructure developer with operations in Malaysia, Singapore, the United Kingdom, Australia, China, Finland, France, Indonesia, Japan, Jordan, the Netherlands, Thailand, the United Arab Emirates, and Vietnam. It is an investment holding and management company with segments including Utilities, Cement & Building Materials Industry, Property Investment & Development, Hotel Operations, and Management Services, construtions and others. The company generates majority of its revenue from the Utilities segment. Its geographic focus is Malaysia, the UK, Singapore, and other countries.
64GF Score

Get the complete analysis for TSE:1773

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円96.00
Price
円79.17
GF Value